Agencies | Governor
Virginia Regulatory Town Hall
Department of Taxation
Department of Taxation
Individual Income Tax [23 VAC 10 ‑ 110]
Amend Individual Income Tax Regulation to Conform to Law Changes and Existing Policy
General Information
Action Summary This regulatory action will amend the following eight Individual Income Tax Regulation sections relating to the net operating loss deduction: 23VAC10-110-80; 23VAC10-110-81; 23VAC10-110-82; 23VAC10-110-83; 23VAC10-110-84; 23VAC10-110-85; 23VAC10-110-86; and 23VAC10-110-87. This action is necessary to reflect legislative changes affecting the calculation of federal net operating losses for Virginia income tax purposes. Therefore, this regulatory action will update other language to conform to legislative changes and current tax policy. The amendment of this regulation does not reflect a change in existing tax policy and will have no impact on the administration of the tax.
Chapters Affected Only affects this chapter.
Exempt from APA No, this action is not exempt from Article II of the APA and executive branch review.
RIS Project Yes  [005139]
New Periodic Review This action will not be used to conduct a new periodic review.
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Contact Information
Name / Title: James Savage  / Tax Policy Analyst
Address: P.O Box 27185
Richmond, VA 23261-7185
Email Address:
Phone: (804)371-2301    FAX: ()-    TDD: ()-